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slo-based PropTech startup Telescope has secured a €3.7 million Seed round to help European real estate companies turn sustainability risks into strategic advantages. The funding is led by Scale Capital and Dreamcraft Ventures, with participation from Curiosity VC and OBOS Oppstart.

    Telescope's CEO Gustav Haaland says that real estate owners are overwhelmed by ESG reports and EU regulations, yet struggle to understand their impact on buildings. "We're not here to add more paperwork," he explains. "Our platform transforms complex climate data into actionable insights, enabling property owners to protect asset values, access green financing, and meet regulatory requirements."

    Founded in 2022, Telescope brings together expertise in sustainability, data science, and PropTech to help real estate companies navigate climate risks. The company's platform provides a clear understanding of climate-related risks such as biodiversity loss, physical threats, and regulatory transition risks.

    Telescope is expanding its footprint beyond Norway, launching in Denmark, Sweden, and the Netherlands while also serving financiers and investors in the real estate sector. "We're taking our customers from trying to learn a language by reading a dictionary to using Duolingo instead," Haaland says.

    The funding round was led by Scale Capital's Joachim Schelde, who notes that Telescope's deep understanding of real estate owners' pain points and its momentum in Norway signal a massive opportunity to redefine how the industry approaches climate risk. Dreamcraft Ventures' Matilde Lyet adds that Telescope stands out with its laser focus on real estate, quantifying both climate risks and upsides to enable financially impactful decisions.

    With proven impact in Norway and fresh capital secured, Telescope is poised to help property owners across Europe turn climate readiness into a strategic strength.